SEBASTIAN - VERO BEACH
Short Term Outlook for Sebastian-Vero Beach, FL March 2022 Forecast 2022:1
2022:2
2022:3
2022:4
2023:1
2023:2
2023:3
2023:4
2024:1
2024:2
2024:3
2024:4
2025:1
Personal Income (Billions $) Total Personal Income Pct Chg Year Ago Wages and Salaries Nonwage Income
14.8 -4.7 3.3 11.5
15.1 4.4 3.4 11.7
15.4 6.4 3.4 11.9
15.5 6.1 3.5 12.1
15.8 6.7 3.5 12.3
16.0 6.2 3.5 12.5
16.3 5.8 3.6 12.7
16.5 6.2 3.6 12.9
16.8 6.2 3.7 13.1
17.0 5.9 3.7 13.2
17.2 5.7 3.8 13.4
17.4 5.5 3.8 13.6
17.7 5.5 3.9 13.8
Real Personal Income (12$) Pct Chg Year Ago
13.0 -9.8
13.1 -0.3
13.3 2.5
13.4 3.4
13.6 4.8
13.7 4.4
13.9 4.1
14.0 4.4
14.2 4.3
14.3 3.9
14.4 3.7
14.5 3.5
14.7 3.5
Per Capita Income (Ths) Real Per Capita Income (12$)
89.9 78.9
91.5 79.8
93.2 80.8
94.0 81.2
95.1 81.8
96.1 82.4
97.3 83.0
98.5 83.7
99.8 84.3
100.7 84.6
101.8 85.2
102.9 85.7
104.2 86.3
Average Annual Wage (Ths) Pct Chg Year Ago
58.7 7.0
59.3 3.5
59.7 2.9
59.9 2.4
60.3 2.7
60.6 2.2
61.0 2.1
61.7 3.0
62.5 3.7
63.2 4.2
63.9 4.9
64.6 4.7
65.4 4.7
Establishment Employment (Place of Work, Thousands, SA) Total Employment Pct Chg Year Ago
55.8 6.6
56.7 6.5
57.2 5.9
57.5 5.0
57.7 3.4
58.2 2.7
58.6 2.4
58.8 2.3
58.9 2.1
58.9 1.2
59.1 0.8
59.2 0.7
59.3 0.8
Manufacturing Pct Chg Year Ago
2.3 4.4
2.3 4.8
2.3 3.3
2.3 3.4
2.3 2.7
2.4 2.4
2.4 2.7
2.4 1.8
2.4 1.7
2.4 0.8
2.4 0.0
2.4 -0.3
2.4 -0.7
Nonmanufacturing Pct Chg Year Ago
53.5 6.7
54.4 6.6
54.9 6.0
55.1 5.0
55.4 3.5
55.9 2.7
56.2 2.4
56.4 2.3
56.5 2.1
56.6 1.3
56.7 0.9
56.8 0.8
57.0 0.8
5.0 8.5
5.0 6.3
5.0 3.6
5.0 -0.5
5.0 0.0
4.9 -0.7
4.9 -1.6
4.9 -2.2
4.8 -2.7
4.8 -2.8
4.8 -2.5
4.7 -2.1
4.8 -0.5
Trade, Trans, & Utilities Pct Chg Year Ago
10.8 3.4
11.0 5.5
10.9 3.8
10.7 0.6
10.6 -1.5
10.8 -1.7
10.8 -1.3
10.8 1.3
10.7 1.3
10.5 -2.4
10.4 -3.1
10.4 -3.5
10.4 -3.2
Wholesale Trade Retail Trade Trans, Wrhsng, & Util
1.0 8.7 1.0
1.1 8.9 1.0
1.1 8.8 1.1
1.1 8.5 1.1
1.1 8.4 1.1
1.1 8.6 1.1
1.1 8.5 1.1
1.1 8.6 1.2
1.1 8.4 1.2
1.1 8.2 1.2
1.1 8.1 1.2
1.1 8.1 1.2
1.2 8.0 1.3
Information Pct Chg Year Ago
0.5 4.1
0.5 7.5
0.5 4.1
0.5 1.6
0.5 -0.4
0.5 0.9
0.5 1.0
0.5 -1.2
0.5 0.2
0.5 1.7
0.5 4.8
0.6 6.9
0.6 7.6
Financial Activities Pct Chg Year Ago
2.8 4.2
2.8 5.1
2.9 6.2
2.9 2.3
2.9 3.2
2.9 2.5
2.9 1.4
2.9 1.8
2.9 1.3
2.9 2.0
3.0 1.8
3.0 1.6
3.0 1.3
Prof & Business Services Pct Chg Year Ago
6.8 5.5
6.9 4.1
7.0 3.0
7.0 3.3
7.1 4.9
7.1 3.6
7.1 2.2
7.2 2.4
7.3 2.5
7.3 3.5
7.4 3.7
7.4 3.2
7.5 2.3
Educ & Health Services Pct Chg Year Ago
11.1 2.6
11.1 3.3
11.1 2.2
11.1 1.3
11.2 0.6
11.2 0.8
11.2 0.7
11.3 1.5
11.4 2.1
11.5 2.7
11.6 3.1
11.6 3.1
11.7 2.8
Leisure & Hospitality Pct Chg Year Ago
8.5 22.3
8.9 16.2
9.2 18.2
9.5 21.2
9.6 13.2
10.0 11.3
10.2 11.4
10.2 6.9
10.2 5.3
10.2 2.5
10.2 0.1
10.2 0.1
10.2 0.2
Other Services Pct Chg Year Ago
2.9 7.1
3.0 10.1
3.0 11.0
3.1 11.4
3.1 7.9
3.1 4.9
3.1 3.0
3.2 3.5
3.2 4.0
3.3 6.0
3.3 6.6
3.4 7.0
3.4 6.8
Federal Government Pct Chg Year Ago
0.4 0.1
0.4 3.9
0.4 7.1
0.4 3.2
0.4 3.0
0.4 2.4
0.4 1.9
0.4 1.4
0.4 0.9
0.4 0.6
0.4 0.5
0.4 0.5
0.4 -0.1
State & Local Government Pct Chg Year Ago
4.8 2.0
4.8 3.8
4.9 3.2
4.9 3.6
5.0 3.6
5.0 2.9
5.0 2.4
5.0 2.0
5.0 1.5
5.0 1.0
5.0 0.6
5.0 0.4
5.0 0.3
Population (Ths) Pct Chg Year Ago
164.3 1.3
164.6 1.0
165.0 0.9
165.4 0.8
166.0 1.0
166.6 1.2
167.1 1.3
167.5 1.3
168.0 1.2
168.4 1.1
168.9 1.1
169.3 1.0
169.8 1.1
Labor Force (Ths) Pct Chg Year Ago
68.9 7.0
69.6 5.6
70.2 4.6
70.4 3.5
70.6 2.5
70.7 1.6
70.8 0.9
70.8 0.5
70.8 0.3
70.9 0.3
71.0 0.2
71.0 0.3
71.0 0.2
Construction & Mining Pct Chg Year Ago
Other Economic Indicators
Unemployment Rate (%) Total Housing Starts Single-Family Multifamily
124
4.6
4.7
4.6
4.6
4.6
4.6
4.7
4.7
4.6
4.7
4.7
4.6
4.6
1235.7 1230.3 5.4
1194.7 1194.7 0.0
1215.5 1200.0 15.5
1261.4 1217.2 44.2
1312.3 1236.1 76.2
1393.8 1271.4 122.3
1453.1 1283.5 169.6
1514.6 1298.8 215.8
1492.4 1274.1 218.3
1471.1 1253.1 218.1
1461.6 1246.4 215.2
1454.5 1236.7 217.8
1454.3 1239.7 214.5
Florida & Metro Forecast / Winter 2022
